Dropping not just share but units in a rising market is a rare talent, usually reserved for failing companies. If the rising tide doesn’t raise your boat, perhaps you’ve got a hole in the hull.
Outside of the tiny (but wealthy) island of Japan, international sales for Apple are pretty much in the crapper.
How the times have changed. Apple is the new enterprise.
Editor’s Pick “I am not an unfair person,” Apple CEO Tim Cook told lawmakers yesterday. “Apple is not an unfair company.”
“Eighty percent of the world’s purchasing power lies beyond our borders,” Portman said. “But we’re living with an international tax code that’s a relic of the 1960s.”
Twenty of its existing stores will undergo remodels in 2013 — a reminder that the Apple store concept is now 12 years old.
iTunes — the online store that sells movies, music, and apps for Apple devices — brought in $4 billion in revenue this quarter.
While many people are waiting for Apple to drastically revamp the television service business, analysts aren’t predicting it to happen anytime soon.
Apple CFO Peter Oppenheimer announced today that iTunes store revenue was $1.8 billion for the third quarter of 2012, which is down $100 million from last quarter, in which Apple took in $1.9 billion.
Apple is holding a conference call bright and early Monday morning to announce plans for its large cash balance. The company is sitting on around $98 billion in cash, and investors are getting increasingly antsy and clamoring for a dividend or share buyout.
Since Apple lost its head of retail, Ron Johnson to department store JCPenney, the company has been on a search for a replacements. In the meantime, someone needs to be at the retail beast’s helm, and that’s chief financial officer Peter Oppenheimer.
Apple has been barely able to keep up with demand for its iPad 2 tablet — exactly the kind of difficulty every manufacturer dreams of.
Apple has confirmed that OS X Lion will be released July 20, 2011.